Question
A financial company that advertises on television will pay you $58,000 now for annual payments of $10,900 that you are expected to receive for a
A financial company that advertises on television will pay you $58,000 now for annual payments of $10,900 that you are expected to receive for a legal settlement over the next 9 years. Assume you estimate the time value of money at 10 percent.
What is the present value?
Would you accept this offer?
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Risk Sharing Finance
Authors: Bakkali Mirakhor, Saad Abbas
1st Edition
3110590468, 978-3110590463
